Chainlink announced on Wednesday via X that Westpac Institutional Bank and Imperium Markets are implementing Chainlink in Project Acacia, a new joint initiative between the Reserve Bank of Australia and Digital Finance CRC (DFCRC).
The Chainlink Runtime Environment (CRE) is orchestrating secure, seamless, and compliant Delivery vs. Payment (DvP) settlement of tokenized assets across blockchain markets and the existing PayTo Australia domestic payments system. This feature is key to accelerating the adoption of digital assets and bringing institutional capital onchain.
By connecting offchain payment capabilities and tokenized assets for secure DvP settlement, Westpac, Chainlink, and Imperium Markets are unlocking innovative use cases and scaling the institutional adoption of tokenized assets.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 3.5% over the past 24 hours, trading at $16.54 at press time.